Investors of Fiserv, Inc. Invited to Lead a Class Action Suit Amid Significant Losses

Overview of Class Action Lawsuit Against Fiserv, Inc.

Fiserv, Inc., a notable player in payment and financial services technology, is facing a class action lawsuit following substantial losses experienced by its investors. Announced by Robbins Geller Rudman & Dowd LLP, the legal team is calling on shareholders who acquired Fiserv common stock between July 24, 2024, and July 22, 2025, to step forward and assume the role of lead plaintiff. The deadline to apply for this position is September 22, 2025. The case, which is officially dubbed City of Hollywood Police Officers' Retirement System v. Fiserv, Inc., alleges significant violations of the Securities Exchange Act of 1934.

Allegations Against Fiserv

The class action asserts that throughout the specified class period, Fiserv and its top executives made false and misleading statements. These statements purportedly concealed numerous issues affecting the company's Payeezy platform and forced its merchants to switch to the Clover platform. The allegations indicate that this transition artificially inflated Clover's revenue growth and gross payment volume, disguising an underlying downturn in new merchant acquisitions.

Key points from the allegations include:
1. Forced Migration: Fiserv pressured its Payeezy merchants to transition to the Clover platform due to ongoing cost issues and operational difficulties.
2. Revenue Inflation: Clover's reported growth was allegedly boosted by these forced transitions, masking a slowdown in attracting new merchants.
3. Customer Exodus: Upon transitioning, many former Payeezy merchants opted for competing services because of Clover's unfavorable pricing and inadequate customer service.
4. Sustained Financial Decline: As a consequence, Clover's growth rates began to drop significantly, prompting major declines in its financial outlook.

Recent Developments

In April 2025, Fiserv reported a mere 8% increase in Clover's gross payment volume, a drastic decrease from growth rates of 14% to 17% in the previous year. This news sparked an immediate fall in the stock's value by over 18%. Following subsequent disclosures regarding continued deceleration in GPV growth, Fiserv's stock further declined by an additional 16%. A critical blow came on July 23, when Fiserv revised its organic growth guidance downwards, indicating a slowdown in quarterly performance, which again led to a stock price plunge of nearly 14%.

Process for Becoming Lead Plaintiff

The Private Securities Litigation Reform Act of 1995 allows investors who have suffered losses during the class period to be named lead plaintiff in the suit. The lead plaintiff’s role is to advocate for all affected shareholders in guiding the lawsuit's direction. Potential candidates must demonstrate the greatest financial interest in the relief sought while representing a typical profile aligned with other class members. Notably, serving as lead plaintiff is not a prerequisite for claiming a share in any future recoveries from the case.

About Robbins Geller Rudman & Dowd LLP

Robbins Geller is renowned as one of the leading law firms representing investors in cases of securities fraud and shareholder litigation. The firm holds a commendable track record, having secured over $2.5 billion for investors in 2024 alone across similar class action suits. Ranked #1 for the highest amount of monetary relief for its clients, Robbins Geller continues to lead the charge in protecting investor rights.

Next Steps for Affected Investors

If you are an investor who suffered substantial losses in Fiserv shares during the specified class period and wish to lead or participate in the class action lawsuit, you are encouraged to follow up with Robbins Geller. For additional details, contact attorneys J.C. Sanchez or Jennifer N. Caringal at 800-449-4900 or visit their website for more information on participation options.

In conclusion, this lawsuit marks a significant opportunity for affected investors to challenge the alleged misconduct of Fiserv and seek justice for the financial damages incurred. Investors are urged to stay informed and consider their next steps as the legal proceedings unfold.